Yondoshi : Notice of Changes in Personnel

	April 12, 2024
To Whom It May Concern
Company Name:	YONDOSHI HOLDINGS INC.
Representative:	Hidetoshi Masuda
	President and Representative
	Director
Listing:	Prime Market, Tokyo Stock Exchange
Securities Code:	8008
Inquiries:	Masahiko Nishimura
	Managing Director and Managing
	Executive Officer responsible for
	Operations
Telephone:	[phone]

Notice of Planned Changes in Directors at the Company and Major Subsidiaries

YONDOSHI HOLDINGS INC. (hereinafter, "YONDOSHI HOLDINGS" or "the Company") made a preliminary decision to make certain changes in its directors at a meeting of its Board of Directors held on April 12, 2024. This decision is subject to the approval of an agenda item proposing the election of directors submitted during the Company's 74th Annual General Meeting of Shareholders, which is scheduled to be held on May 30, 2024. Plans are also in place to change directors at major subsidiaries. Brief details are presented as follows.

1. Change in Directors (Excluding Directors and Audit/Supervisory Board Members)

(1) Candidates for New Appointment

New Position	Current Position	Name
Director and Executive Officer	Executive Officer responsible for	Hiroshi Arai
responsible for AS'TY	AS'TY
Outside Director	Outside Director and	Naoki Kodama
Audit/Supervisory Board Member

Note:

Mr. Arai serves concurrently as President and Representative Director at AS'TY Inc.

(2) Officers Scheduled to Retire

Current Position	Name
Director	Saishi Kimura
Outside Director	Mitsutaka Sato

Notes:

1． Both Mr. Kimura and Mr. Sato are expected to resign as directors at the conclusion of the Company's Annual General Meeting of Shareholders, which is scheduled to be held on May 30, 2024.

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2． Mr. Kimura serves concurrently as Director at AS'TY Inc. and age Co., Ltd., but he is expected to resign from both companies due to the expiry of his term of office on May 7, 2024.

2. Directors and Audit/Supervisory Board Members

(1) Candidate for New Appointment

New Position	Current Position	Name
Outside Director and	―	Hiroshi Kawazoe
Audit/Supervisory Board Member

Notes:

1． Mr. Kawazoe is a candidate for outside director; independent director to be reported to Tokyo Stock Exchange, Inc.; and member of the independent committee regarding defensive measures against hostile takeovers.

2． Mr. Kawazoe holds qualifications as a certified public tax accountant and possesses a considerable degree of knowledge regarding finance and accounting.

(2) Officers Scheduled to Retire

Current Position	Name
Outside Director and	Toyomasa Akiyama
Audit/Supervisory Board Member
Outside Director and	Naoki Kodama
Audit/Supervisory Board Member

Note:

1. Both Mr. Akiyama and Mr. Kodama are expected to resign as outside directors and
   Audit/Supervisory Board members at the conclusion of the Company's Annual General Meeting of Shareholders, which is scheduled to be held on May 30, 2024.
2. Mr. Akiyama serves concurrently as an auditor at F.D.C. Products Inc., but he is expected to resign from the company due to the expiry of his term of office on May 10, 2024.

1. Candidate for Director and Substitute Audit/Supervisory Board Member

Name

Attorney

Seisui Kamigaki

3. Change in Directors at Company Subsidiaries

(1) Director Scheduled to Change at AS'TY Inc.

New Position	Current Position	Name
Managing Director and Managing	Director and Executive Officer,
Executive Officer, Director of	Director of Production Planning	Yasuhiro Miyoshi
Production Planning Department 1	Department 1

Note:

Mr. Miyoshi is expected to be appointed Managing Director and Managing Executive Officer via

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approval at the meeting of the Board of Directors of AS'TY Inc. scheduled to be held on May 7,

2024.

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